Rag & Bone is yet another company that’s making permanent changes due to the economic fallout caused by the coronavirus.
The brand has permanently laid off at least 70 employees, WWD has learned, a mix of retail and corporate workers, and furloughed essentially the rest of its staff for the time being. The layoffs affect operations in the U.S., where it has 30 stores, including several outlet locations.
A company representative confirmed there were layoffs without specifying how many people were affected, but said there was a reduction in employees across the whole of corporate and retail. The representative insisted that there are still some employees actively working, but refused to give any idea as to how many. Sources have claimed that layoffs and furloughs have affected the entire company.
“A comprehensive assessment of all areas within the business was made to maintain the critical needs of the organization,” the company said in a statement.
Those who lost their jobs with Rag & Bone permanently were given severance and assistance with health-care benefits. According to state notices filed in New York and California, which only cover workers in those states, at least 220 Rag & Bone workers have been laid off or furloughed.
Follow WWD on Twitter or become a fan on Facebook.[Collection]https://pmcwwd.files.wordpress.com/2020/02/rag-and-bone-campaign-f20-1.jpg
Share this post
Back to Blogs